The Trump/Bessent/Lutnick grouping has no interest in regulating "impartially." Quite the opposite. That's the illusion of US capitalism 30 years ago.

Today's is explicitly more like Putin's Russia: the state has been captured by a series of private interests, one of whom is kingmaker, and you have to pay to play.

It's transactional and parasitical, not bureaucratic or regulatory. As long as the King and his friends get their cut your bridge can open, your new AI model can launch, or the US gov't will back up your crazy business with gov't debt.

It's not a stable system, but it's a system.